Industrial Logistics Properties Trust
NASDAQ:ILPT
Industrial Logistics Properties Trust
Industrial Logistics Properties Trust is a real estate investment trust, which owns and leases industrial and logistics Properties. The company is headquartered in Newton, Massachusetts. The company went IPO on 2018-01-12. The firm owns and leases distribution and logistics properties throughout the United States that serve the needs of e-commerce. The company owns approximately 288 properties containing 34 million rentable square feet in 31 states, which are leased to approximately 259 different tenants. The 288 properties consisted of 226 buildings, leasable land parcels and easements containing approximately 16.7 million rentable square feet that are primarily industrial lands located on the island of Oahu, and 62 properties containing approximately 17.3 million rentable square feet that are industrial and logistics properties located in 30 other states. The firm operates in one business segment: ownership and leasing of properties that include industrial and logistics buildings and leased industrial lands. The firm is managed by The RMR Group, an alternative asset management company.
Industrial Logistics Properties Trust is a real estate investment trust, which owns and leases industrial and logistics Properties. The company is headquartered in Newton, Massachusetts. The company went IPO on 2018-01-12. The firm owns and leases distribution and logistics properties throughout the United States that serve the needs of e-commerce. The company owns approximately 288 properties containing 34 million rentable square feet in 31 states, which are leased to approximately 259 different tenants. The 288 properties consisted of 226 buildings, leasable land parcels and easements containing approximately 16.7 million rentable square feet that are primarily industrial lands located on the island of Oahu, and 62 properties containing approximately 17.3 million rentable square feet that are industrial and logistics properties located in 30 other states. The firm operates in one business segment: ownership and leasing of properties that include industrial and logistics buildings and leased industrial lands. The firm is managed by The RMR Group, an alternative asset management company.
Record Leasing: ILPT achieved nearly 4 million square feet of leasing in Q4, with a weighted average rent roll-up of 25.7% and tenant retention rate of 96%.
Strong FFO Growth: Normalized FFO grew 113% year-over-year to $18.9 million, or $0.29 per share, at the high end of guidance.
Total Shareholder Return: The company delivered a total shareholder return of more than 55% in 2025, ranking third among U.S. REITs.
Dividend Increase: Annualized dividend was raised from $0.04 to $0.20 per share.
Debt Refinancing: $1.2 billion in floating rate debt was refinanced into fixed rate, resulting in over $8 million in annual cash savings.
Positive Outlook: Management highlighted strong leasing momentum, embedded rent growth, and further opportunities to reduce leverage in 2026.
